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Elon Musk to spend less time at DOGE following dismal Tesla earnings [1]
['Rob Beschizza']
Date: 2025-04-23
Elon Musk says he plans to spend less time working on "government efficiency" after his car company reported a 71% drop in profits. "Starting next month, I'll be allocating far more of my time to Tesla, now that the major work of establishing the Department of Government Efficiency is done," he said, though he surmised he'd spend a day or two each week on government work.
Were it not for regulatory credits, Tesla would have posted a loss in this week's earnings announcements. Moreover, Musk is increasingly disliked by Americans, having targeted popular programs for "efficiency" measures that amount to firing thousands of workers and giving himself and his cronies access to sensitive data, including public finances. It isn't saving a significant amount of taxpayer money, either.
You can argue the politics, the policies or what's good for the company, but that stuff about protests being "paid for" is really out there, and a sign of more bad news to come.
Tesla Takedown, the group that is organizing the protests, wrote in an emailed statement that protesters are not paid. "Volunteer hosts and participants are stepping forward because they believe in democracy and the rule of law, not because a billionaire is paying them," the group wrote in the statement sent after the call. "The irony is rich coming from a man who spent $277 million to get Donald Trump elected."
Previously:
• Tesla's European market disappears
• Market for used Teslas 'crumbling'
• TSLA up as Tesla sales slip abroad
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[1] Url:
https://boingboing.net/2025/04/23/elon-musk-to-spend-less-time-at-doge-following-dismal-tesla-earnings.html
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